Investors Lose Over Rs. 2 Lakh Crore as Nifty, BSE Sensex Slump Over 1.5%

  • Investing.com
Investors Lose Over Rs. 2 Lakh Crore as Nifty, BSE Sensex Slump Over 1.5%
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Indian investors lost over Rs. 2 lakh crore as the Nifty and BSE Sensex fell by 1.51% and 1.56% respectively on a day marked by profit booking. The cumulative market cap of BSE-listed companies came down to Rs 172.6 lakh crore on November 25 from Rs. 174.82 lakh crore on November 24 when both benchmark indices touched record highs. That’s a total loss of Rs. 2.2 lakh crore.

Profit booking was led by realty, pharma, and banking sectors that lost 2.25%, 2.07%, and 1.82% respectively. Eicher Motors (NS: EICH ) (down 3.72%) led the fall on Nifty, followed by Axis Bank (NS: AXBK ) (down 3.44%), Kotak Mahindra Bank Ltd. (NS: KTKM ) (down 2.97%), Sun Pharma (NS: SUN ) (down 2.53%), and Bajaj Finance (NS: BJFN ) (down 2.43%).

ONGC (NS: ONGC ) led the troop of eight stocks that gained today, moving up by 5.91%, followed by GAIL (NS: GAIL ) at 1.95%. The NSE mid-cap and small-cap indices have also fallen by 1.41% and 0.89% respectively.

European markets have opened lower while Dow Futures are also indicating a downward trend at the time of this report. The global rally in stocks cools, but the one in oil continues.  Crude oil prices are up 1.27% to $45.47 and gold is still keeping its head over the $1,800 range with a gain of 0.21% to $1,808.3.

The ECB warns that the banking situation in the eurozone isn't as good as third-quarter reports might have you believe. Plus it's a heavy data day as the U.S. moves up all of Thursday's usual releases to Wednesday because of Thanksgiving. Topping the bill - weekly jobless claims and revised data for third-quarter GDP.

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  • Rakesh Prasad @Rakesh Prasad
    Yesterday one article mentioned that Invester lost 2 lakh crore in Nifty crash and I written in comment section that “Today loss and tommorrow recover , not big deal ”. Thats exactly happened today. Moral is that up and down is part of markets. Dont make hasty decesion when market down and believe in your own strategy. Believing is everything. Believe to win.
    Like 0
  • Rakesh Prasad @Rakesh Prasad
    Yesterday below I written in comment section that “Today loss and tommorrow recover , not big deal ”. Thats exactly happened today. Moral is that up and down is part of markets. Dont make hasty decesion when market down and believe in your own strategy. Believing is everything. Believe to win.
    Like 0
  • Ajit Kumar Bihani @Ajit Kumar Bihani
    always no upthis is cycle chain
    Like 0
  • Atul Rajhans @Atul Rajhans
    which means some traders booked profits!
    Like 1
    • Bastin Nicholas @Bastin Nicholas
      FII
      Like 0
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      100
  • Rakesh Prasad @Rakesh Prasad
    Today loss tomorrow recover. Not big deals.
    Like 11

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